Crypto liquidations near $2 billion as bitcoin rout deepens
Crypto markets faced another massive washout on Friday, with almost $2 billion in leveraged positions liquidated as Bitcoin plunged as low as $82,000. The collapse pushed total crypto market capitalization down to roughly $2.9 trillion, marking its first break below the $3 trillion threshold since spring.
CoinGlass data shows that more than 396,000 traders were wiped out, with the single-largest order — a $36.78 million BTC-USD position — taken out on the Hyperliquid decentralized exchange.
However, it’s important to note that liquidation data remains imperfect. Bybit publishes full real-time figures, but venues like Binance and OKX only provide partial or delayed liquidation reporting. As a result, headline numbers likely…
